- CZ starves FTX of revenue with 0% trading fees on Binance attracting volume from FTX
- CZ shoots headshot by publicly announcing FTT concerns causing a bank run on FTX and decline in FTT price
- FTX unable to cover holes in balance sheet
- CZ acquires FTX
Thanks for playing.
We’ve filed the opening brief in our lawsuit against the SEC, challenging their decision to deny our application to convert $GBTC to a spot Bitcoin ETF.
A “brief” thread:
Western institutions completely fail to recognize the strategic importance of gold…
They program their algos to sell gold when rates go up… resulting in China, India and Russia buying up all the physical gold at bargain prices…
#gold